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HMRC - Coronavirus advice for Retailers

HMRC - 23rd March 2020

Updated advice.

This includes a package of measures to support businesses including:
          ** a Coronavirus Job Retention Scheme
          ** deferring VAT and Income Tax payments
          ** a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
          ** a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
          ** small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
          ** grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
          ** the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
          ** a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
          ** the HMRC Time To Pay Scheme

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